Ford EV battery plant will still qualify for federal tax credits, NYT says

Ford (F) Motor recently said a $3B plant it is building in Marshall, Michigan to produce EV batteries will still qualify for federal tax credits due to last-minute tweaks in the big budget and policy bill recently passed by Congress, Jack Ewing of The New York Times reports. The bill still eliminates tax credits of up to $7,500 for people who buy EVs, imposes new restrictions making it harder for companies to qualify for production tax credits, and changes regulations that encouraged carmakers to sell EVs, but the slight concessions suggest at least some Republican lawmakers were aware the cuts in the bill would strike their constituents the hardest.